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Afreximbank-backed Geometric Power commissions Aba project

10 Mar 2024, 08:16 am
Financial Nigeria
Afreximbank-backed Geometric Power commissions Aba project

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The Aba IPP is capable of generating and distributing 141 megawatts (MW) of its produced power across nine local government areas within the Aba ring-fenced zone.

Aba IPP Commissioning

The Aba Integrated Power Project (Aba IPP), a power project backed by African Export-Import Bank (Afreximbank), has been officially commissioned in Abia State, Southeast Nigeria, by the Vice President of the Federal Republic of Nigeria, Kashim Shettima.

The Aba IPP is capable of generating and distributing 141 megawatts (MW) of its produced power across nine local government areas within the Aba ring-fenced zone.

In 2021, Afreximbank signed a $50 million term loan facility with Geometric Power Limited to support the completion of the generation and distribution infrastructure, commissioning of the gas supply pipeline, and commencement of operations of the project.

The project has been estimated to cost $800 million and has a total capacity of 181 MW. It is fully vertically integrated with embedded generation and distribution capabilities. This model ensures the Aba IPP can supply power directly to its immediate community, prioritising local needs and distributing surplus power to the national power grid.

The integrated power project is equipped with infrastructure including three GE LM6000 Gas turbines, with a capacity to produce up to 47MW each. The power plant is also equipped with a 27km gas pipeline to ensure consistent fuel supply, three rehabilitated distribution substations, five new additional substations, and 140km of 33kV/11kV lines using fibre optic cables for seamless data communication.


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